June 11 (Reuters) - Brookfield Renewable Partners LP BEP_u.TO :
* BROOKFIELD RENEWABLE INCREASES OWNERSHIP STAKE IN TERRAFORM POWER
* BROOKFIELD RENEWABLE PARTNERS LP - DEAL EXPECTED TO BE IMMEDIATELY ACCRETIVE TO UNITHOLDERS
* BROOKFIELD RENEWABLE PARTNERS LP - POST DEAL FUNDING, BROOKFIELD RENEWABLE'S AVAILABLE LIQUIDITY REMAINS ROBUST AT $1.4 BILLION
* BROOKFIELD RENEWABLE PARTNERS LP - PROCEEDS FROM DEAL WILL SUPPORT FUNDING OF TERRAFORM POWER'S ACQUISITION OF SAETA YIELD
* BROOKFIELD RENEWABLE PARTNERS LP - ACQUIRED AN ADDITIONAL 61 MILLION SHARES OF TERRAFORM POWER THROUGH A PRIVATE PLACEMENT FOR $650 MILLION
* BROOKFIELD RENEWABLE PARTNERS LP - DEAL INCREASES INTEREST IN TERRAFORM POWER TO 65% FROM 51% AT $10.66/SHARE OF CLASS A COMMON STOCK.
* BROOKFIELD RENEWABLE PARTNERS LP - TOTAL COMMITMENT OF $420 MILLION INCREASES ITS INTEREST IN TERRAFORM POWER TO 30%, WHICH IT WILL FUND THROUGH AVAILABLE LIQUIDITY